Yield markets saw continued growth this week, driven by both centralized and decentralized integrations. Coinbase entered the arena with Morpho-powered USDC lending, while stablecoins like USDT and USDs broadened their reach across chains and savings products.
On the protocol side, new apps, incentive programs, and upgrades kept momentum strong, reinforcing the pace of innovation across DeFi.
Without further ado, let’s dive into the details.
Stablecoin Developments
Coinbase rolled out new USDC yield products powered by Morpho, bringing decentralized lending directly into a centralized exchange experience. USDC lending on Coinbase now routes through Morpho’s infrastructure, expanding access to DeFi yields for a broader user base.
The USDs (formerly DAI) Savings Rate on Spark held steady at 4.75%, while Spark’s TVL climbed to $9B, underscoring strong adoption of its lending and stablecoin offerings.
Tether’s USDT expanded its footprint on Solana, with a new listing on Orderly Network to deepen composability for traders and liquidity providers.
Protocol Updates
Pendle launched Boros V1, introducing a brand-new financial primitive called Funding Rates Trading that’s designed to give crypto traders exposure to and speculation on perpetual funding rates.
Gauntlet launched a mini app on the Base app, giving new users streamlined access to its WETH Core, USDC Alpha, and USDC Core Morpho vaults.
YO Protocol boosted incentives on their yoUSDC market on Euler Finance, adding new emissions that lifted lending yields by an additional 7% APY, pushing total supply rates above 15%.
Rocket Pool released Smart Node v1.17.3, a low-priority upgrade with minor fixes and updated client versions (Geth, Besu, Teku, Nimbus, Nethermind). Node operators are encouraged to review the full changes on GitHub.
Build With Yield.xyz Today
That wraps up this week’s review. Stablecoin yields remain competitive, and innovation across DeFi protocols shows no signs of slowing down. As platforms like Coinbase, Morpho, and Pendle push the boundaries of what’s possible, Yield.xyz makes it simple to integrate the widest breadth of yield opportunities into any app, wallet, or fintech product.
Start building → yield.xyz